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Rapid City, SD 57702 1962 Deadwood Ave

1962 Deadwood Ave Rapid City, SD - Image 11962 Deadwood Ave Rapid City, SD - Image 21962 Deadwood Ave Rapid City, SD - Image 3
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Presented By: KELLER WILLIAMS REALTY BLACK HILLS
  • MLS# 175197
  • 08/11/2025
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  • SQFT • 24,970

Home Details

Prime NNN Investment Opportunity 24,970 SF industrial building fully leased to Johnstone Supply through April 2030. Current base rent is $12,885/month with 2% annual escalations, and two 5-year renewal options at market rate. Landlord responsibilities are limited to structure and roof. Johnstone Supply is a national HVAC/R distributor with 460+ locations. The Rapid City location, operated by SF2RC LLC, holds 48% local market share—the largest in the region. This structure provides reliable, long-term tenancy with substantial financial backing. Built in 2020, the facility offers high-quality infrastructure including 18.5’ center ceiling height, 14’ sidewalls, an 8’W x 10’T dock door and drive-through OH door with ramp, fire sprinklers, hanging OH heaters, and 3-phase/480V power. Interior includes three private offices, four shared workstations, a training room, classroom, full break room/kitchen, and a climate-controlled showroom. Located on Rapid City’s active Deadwood Ave corridor, this asset combines modern construction, strong tenancy, and a passive income profile ideal for investors seeking stability and growth.
Presented By: KELLER WILLIAMS REALTY BLACK HILLS

Interior Features for 1962 Deadwood Ave

Other Interior Features

BasementNone
Floor CoveringConcrete
WallsMetal

General for 1962 Deadwood Ave

Auction Y/NNo
CityRapid City
ConstructionSteel Frame
CoolingOffice Only
CountyPennington
Docs on FileLeases
Leased100%
ParkingAsphalt/Off-Street
Postal Code57702
Primary CityRapid City
Public RemarksPrime NNN Investment Opportunity 24, 970 SF industrial building fully leased to Johnstone Supply through April 2030. Current base rent is $12, 885/month with 2% annual escalations, and two 5-year renewa
Road FrontageMajor Artery
RoofMetal
Sale/LeaseFor Sale
Sale/RentFor Sale
StatusU/C CONTINGENCY
Status Detail4
SubdivisionSD
TypeWarehouse

Exterior for 1962 Deadwood Ave

ExteriorMetal
FoundationSlab

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $2,700,000
MLS#175197
List Date 08/11/2025
Property Type Contingent
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